Birzha Kraken became the first US crypto bank

Crypto exchange Kraken announced that it has received a banking license from the American state of Wyoming. Accordingly, Kraken became the firsta company in the United States, which is engaged in digital assets, received a bank chart published in accordance with the state and federal law

Banking licensing will allow Kraken to createThe world's first specialized security institution Kraken Financial, which will regulate like any other bank on the territory of the United States.

Kraken Financial will allow its US clients to freely switch between digital assets and national currencies, including the following operations:

• Payment of accounts in cryptocurrency;
• Receiving a salary in a cryptocurrency;
• Adding digital assets to investment and trading portfolios.

According to the general director of Kraken Financial, David Kinitsky, the decision to apply for a bank license in Nyoming was taken due to the fact that it was

“We are very glad to work in the state, whichcorresponds to our philosophy and values. Naming is a rare and striking example of how well-thought-out regulation can stimulate innovation for FinTech companies. "

His statements are echoed with the words of the founderand the General Director of Avanti Bank and Trust Keitlin Lung, who also pointed out to the simple conduct of business with digital assets in Bayoming. She added that Avanti Bank and Trust would next apply for a licensed license.

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